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RE: Does newly announced official banking sector owned crypto threaten Ripple's xrp?
Most of the ones that get first to market rarely remain in the front line.
Who created the first mobile phone? Motorola Who is the market leader now and where is Motorola?
First Air conditioning? Carrier
First computers? First videogame devices? first search engines? First online shops?
Thinking that being first to market is a substantial advantage in the long run ignores most of the lessons we have learned with technology in the last 50 years.